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LONDON - Secure Property Development & Investment PLC (AIM:SPDI), a real estate company specializing in South Eastern European markets, announced the unanimous approval of proposed resolutions at its Extraordinary General Meeting held today. The resolutions are set to initiate a restructuring of the company’s share capital structure, as detailed in the notice sent to shareholders on March 28, 2025.
The restructuring will enable the distribution of shares from Arcona Property Fund N.V., currently held by SPDI, directly to its shareholders. The board of directors will have the discretion to decide whether this distribution will be conducted through a bank transfer of funds or by allocating shares, or a combination of both. The process will involve a reduction of the company’s share premium account.
SPDI has committed to informing its shareholders of the specific cut-off date for the entitlement to the pro rata allocation of Arcona Property Fund N.V. shares. This decision follows the guidelines established in the previous EGM held on July 8, 2024, and is reinforced by the current resolutions passed at the EGM.
The company will make further announcements regarding the specifics of the distribution process and the cut-off date in the future.
Secure Property Development & Investment PLC operates within the real estate sector, focusing on income-generating commercial properties and high-yield real estate assets. The company aims to deliver investment returns through long-term rental contracts with blue-chip tenants and is managed by a team with extensive experience in both private and public real estate sectors across Europe.
This news is based on a press release statement and reflects the latest developments from Secure Property Development & Investment PLC’s Extraordinary General Meeting.
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